Countervailing Duties on Chinese Solar Cells (Video)

SolarWorld says the countervailing duties leveled against Chinese solar cells is "validating." In this video Ben Santarros speaks with Steve Leone about the International Trade Commission's ruling against Chinese cells. The US Government has found that illegal subsidies were indeed at play. This interview was published on March 21, 2012 by RenewableEnergyWorld.

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Implications of US Duties on Chinese Solar

The US Department of Commerce is imposing duties on Chinese solar manufacturers who are unfairly benefiting from China's export subsidies. The countervailing duties (CVD) is 3 to almost 5 percent. These modest duties were arrived at by the math done by the Department of Commerce in their ruling. Based on the Department of Commerce's numbers, Chinese solar companies aren't as heavily subsidized as many believe.

Outlook for the Chinese Solar Industry in 2012

The Chinese solar industry will achieve unprecedented growth in 2012, adding between 2.8 and 5 GW. The strong growth of Chinese solar in 2012 is due to both the 12th Five Year Plan for Renewable Energy Development (2011-2015) and their feed-in tariffs (FiTs).